MCQ Questions for Class 12 Economics Chapter 1 : Chapter 1 “Introduction to Macroeconomics” MCQ Questions for Class 12 Economics with Answers PDF Free Download here according to the latest CBSE syllabus and NCERT curriculum.
MCQ Questions for Class 12 Economics Chapter 1 Introduction to Macroeconomics
Here CBSE RBSE and Other State Board NCERT Objective MCQ Questions of Class 12 Economics Chapter 1 “Introduction to Macroeconomics” with Answers Pdf will guide students to do a quick revision for all chapter.
Q1. What is known as the study of individual units?
(A) Macroeconomics
(B) Microeconomics
(C) Income and Employment Theory
(D) Development economics
(B) Microeconomics
Q2. What is the main cause of all economic problems?
(A) Abundance
(B) Convenience
(C) Scarcity
(D) None of these
(C) Scarcity
Q3. Study of aggregates is known as _
(A) Macroeconomics
(B) Microeconomics
(C) Price theory
(D) Factor price determination
(A) Macroeconomics
Q4. What is the name of the book written by J.M. Keynes?
(A) Wealth of Nation
(B) Political economy
(C) The General Theory of Employment, Interest and Money
(D) None of these
(C) The General Theory of Employment, Interest and Money
Q5. When was the famous book of Prof. Keynes published?
(A) 1930
(B) 1931
(C) 1936
(D) 1940
(C) 1936
Q6. When did the great depression occur?
(A) 1929-30
(B) 1934-35
(C) 1938-39
(D) 1941-42
(A) 1929-30
Q7. Who is known as the father of modern macroeconomics?
(A) Adam Smith
(B) J.M.Keynes
(C) Samuelson
(D) Hicks
(B) J.M.Keynes
Q8. Mr. Skund Kumar wants to study the national income. Which branch of economics will he have to study?
(A) Microeconomics
(B) Price theory
(C) Factor price determination
(D) Macroeconomics
(D) Macroeconomics
Q9. The mother of all economic problems is —–
scarcity
Q10. Macroeconomics is defined as that branch of economics, which studies economic activities of an economy as a —–
whole
Q11. —–was the founding father of modern economics.
Adam Smith
Q12. Keynes book on Income and Employment came into light in the year—-
1936
Q13. Aggregate Demand is the sum total of consumption and—–
investment
Q14. The period of the great depression was from—-
1929-33
Q15. Capital, land, labour, and entrepreneur are the factors of production.
True
Q16. The expenses which raise productive capacity are known as investment expenditure.
True
Q17. The domestic country may sell goods to the rest of the world. It is called imports.
False
Q18. The domestic country may buy goods from the rest of the world. It is called exports.
False
Q19. The capitalist economy works for social welfare.
False
Q20. Microeconomics deals with the aggregate economic variable of an economy.
False
Q21. ‘Save more’ is always a virtue.
False